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Property for sale information

 
Residence Pineto, Borgo, Corsica, France  
Reference nr: MD731724
Description:

This is a complete new renovation. Residence Pineto is ideally situated at the heart of the Holiday resort of Borgo south of Bastia. With its beaches nearby and right in the middle of a pine forest, this residence offers spacious accomodations with terrace. You will also benefit from outstanding services like swimming pool, beach bar, kids club and restaurant.

The Residence

- Fully furnished with TV
- Telephone Socket
- Electric Heating
- Fully fitted kitchenette
- Fridge, Hob, Microwave, China & Crockeries
- Fully fitted bathroom with shower/bath & fan radiators
- Cupboards and Shelves
- Sofa
- Double Glazing
- Separate WC
- Car park Area
- Large swimming pool with shaded areas and palm trees
- Wifi Hot Spots
- Reception area
- Beach Bar
- Library
- Laundry
- 4 Tennis Courts
- Beach Volley, Volley Ball and Basketball courts
- Petanque/Boule Court
- Kids Play area
- Nautical Area



Bastia is the economic capital of Corsica and the 1st Mediterranean port. More than 2.8million tourists visit the Isle of beauty. The doors are wide - Corsica is the perfect combination of sea and sunshine, with snow capped mountains looming over beaches full of sun bathers, famous scrub land and lush forests, streams, high mountain pastures, summits and peaks. Every twist and turn reveals a different view, and beyond every mountain pass lies another world. This island with its rich array of outstanding panoramic scenery, constantly entices you to explore.

Investment
- High rental demand
- Yield paid quarterly in areas
- 19.6% VAT cash back
- Index linked income every 3 years
- Self Occupancy Scheme
- Tax efficient investment vehicle
- Mortgage interest deductivle from income return
- Lease term 11years unitl Oct 2018
- Yield of up to 4.29%

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 111,000
Features:
Submission Date:
11-01-2007
Last Update:
06-23-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
Property Photo Gallery

 

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Calculators

 
Property price: €111,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations